With Philippine, Taiwan, Malaysia, us, china, Indonesia and maybe Singapore going to boost expenditure on infrastructure another cycle of boom for commodities highly likely to happen , stay tune
Who bot at low last week have to thanks Capitalist... expert in account. Last time also one expert in commodities ask to sell at 2.40. Telusdansuci can you remember his name?
Yes moneykj i remembered , Dato' Paul Koon was targeting Rm 6 billion turnover for the financial year ending 2016 but i don't remember who is that expert in commodities ask to sell at Rm 2.40 last time . Pmetal boleh dan tetap boleh .
Yes telusdansuci, 6 billion he mentioned. One more thing you left, 6b if lme stay above 1600. Months ago I hv shared with you that, by the figure he has hinted the share price will go to 4.61(after ex is 1.65). You all can see what's the share price now. How about if lme stay above 1700? Fyi, lme average for Oct is 1663, Nov 1735 n Dec 1730. It's the highest 3 months, even 1663 is higher than any other month of 2016(and not the low alum price claimed by the account expert, you see where his credibility). Now still traded at above 1700. 100 usd equal to Rm1.00 hike in share price. It's 5.61(after ex 2.00). How far the share price can go? It depend on lme price. Alum price began its cyclical hike about 10 months ago. 1 cycle range from 18 to 30 months. I can say is, at least 6 months the lme in the uptrend. Let's see...
Sometimes invisible things are more powerful than the visible one . As i mentioned earlier , this counter got so many invisible hands . Don't listen to all the negative news which was create by some people in this forum . I only listen to the message given by management teams . Pmetal boleh dan pasti boleh ini kali .
If you were to look at the Technical Charts for Press Metal,some points can be picked: 1.The movement and uptick in price is gradual and no sudden fall or drop.Similar to George Kent and Ekovest. 2.Eventough the MACD line is slightly below signal line but it is still above neutral line.Means there is support for any downtrend in price for some unexpected event. 3.The Relative Strength Index(RSI) show the line moves above 50 which show buying momentum is strong and able to absorb any selling pressure.Any line above 50.0 signal buying. Just for sharing.Good Luck.
Correction : The earlier post the line at RSI chart is trending upward which signals can start to buy or collect.When the line later moves above 50,the buying momentum is very strong.
Thank you moneykj i agreed with you that i have left one thing here . Ini kali Pmetal pasti boleh . My TP Rm 2.00 - Rm 2.50 coming soon . Moneykj how about your target price ? Pls share with us . Thank you .
Huhuhu...it is difficult to say when the price will touch 4.00.The stock price movement(uptick or downturn) is subjected to many imponderables beyond our controls.Some of the market forces- sudden upheavals in commodity market; foreign exchange market volatility; dire socio-political situation in our country.... To maximise your returns keeps up to date with the latest news.Do not just follow the crowd.The best judgement lies with each individual investor.Good luck.
Banyak cakap tak guna . Banyak beli baru ada guna . Pmetal pasti boleh ini kali . Greatful you are right , buy and keep until you retire and don't bother what's going on unless you need the money . The longer you hold the better you are . Terima kasih .
just my opinion, pmetal has already weather the downtrend in commodity cycle, (hence their 1.50 share price back in 2013/14 - still rmbr those tough days. now the whole commodities mkt is on a bounce, same with pmetal. but share price is also dependant on other factors - dividend payout, pe, eps ratio, etc. regardless, pmetal recognising their full potential now, riding on lme prices. next push factor is their 3 year agreement with china corp to source cheaper raw materials. once this comes into play, bottomline margin boosted. 3 months target 1.85; 6 months (if lme goes to 1800-1900) is 2.00.
super good quarter ending 31/12. inside sharks has already gotten hold of the news. expecting 10% jump in quarterly revenue, given higher lme prices and favourable fx translation
Investo, terima kasih jika sudah beli , ya . Jika sudah jual awal betul-betul rugi . Akan naik sampai good news announce . Pmetal boleh dan CSC STEEL pun boleh .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mamatede
3,950 posts
Posted by mamatede > 2017-01-01 23:57 | Report Abuse
With Philippine, Taiwan, Malaysia, us, china, Indonesia and maybe Singapore going to boost expenditure on infrastructure another cycle of boom for commodities highly likely to happen , stay tune